“In the Name of Allah, the Most Gracious, the Most Merciful”
Our valued shareholders,
Representing myself and the Board of Directors, I am delighted to share with you Ezdan Holding Groups annual report for 2023. The financial statements of the Group reveal a net profit of QAR 99.7 million, an increase from QAR 86.7 million in the previous year, 2022. Earnings per share have risen to QAR 0.004, up from QAR 0.003 in 2022. The Group's revenue stood at QAR 1,913 million, showing a slight variation from the QAR 1,937 million revenue recorded in the preceding year.
Respected Shareholders...
Ezdan Holding Group consistently realizes its distinct vision and executes its effective strategy, aligning with the national vision and the country's development plan under the astute leadership of His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar. The Group's endeavors have significantly advanced the Qatari real estate sector, introducing a range of new options and products that cater to the needs of the local market. This progress is exemplified by the launch of several new residential complexes, addressing the growing demand for residential and commercial spaces in Qatar.
In pursuit of these goals, the Group has embraced a strategic investment approach, capitalizing on the nation's growth and prosperity across various sectors. Its commitment to steady progress towards sustainable development and growth is evident in its operations. This approach not only strengthens the Group's business but also plays a crucial role in augmenting its assets.
Respected Shareholders...
We extend our gratitude to our shareholders for their invaluable trust and offer our thanks to all the group's employees for their commitment, hard work, and dedication over the past year. We reaffirm our ongoing commitment to our steadfast strategy and to channelling our efforts towards enhancing our assets. This ensures our continued contribution to supporting sustainable development initiatives and participating in the advancement and growth of diverse investment and productive sectors within the country.
May God grant success...
Thani Bin Abdullah Al Thani
Chairman of Ezdan Holding Group